3, THE MEADOWS, HORNBY, LANCASTER, LA2 8BF - £512,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 THE MEADOWS is a small detached house of 139m², which could now be worth an estimated £522,653. It was last sold for £512,000 in October 2022, which was around 56% above the average October 2022 detached price in the Lancaster local authority area. The most recent EPC inspection was November 2018, where the current energy rating was B, and the potential energy rating was A.

3 THE MEADOWS Sold Prices

Land registry data shows two sales for 3 THE MEADOWS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. Both of the two 3 THE MEADOWS sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 5 OCT	£512,000	£327,218	56% above HPI
2018 30 NOV	£459,950	£247,143	86% above HPI

3 THE MEADOWS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lancaster local authority area over time, sourced from the HPI. The two 3 THE MEADOWS sales from November 2018 and October 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2018 sale was for 86% above the HPI. So the extrapolation line tracks at 86% above the HPI over time, until the October 2022 sale, where it falls to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might 3 THE MEADOWS be worth now?

3 THE MEADOWS might now be worth an estimated £522,653.

This is based on house price inflation of 2.1%, between October 2022 and February 2025, for detached houses, in the Lancaster local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.1% inflationary increase is applied to the most recent sale price for 3 THE MEADOWS of £512,000 on 5th October 2022. For the value to have increased from £512,000 to £522,653 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 THE MEADOWS has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The October 2022 sale price of £512,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE MEADOWS has not materially changed since October 2022.

How Large is 3 THE MEADOWS?

3 THE MEADOWS is 139m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 40% of detached houses houses in Hornby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hornby, and where 3 THE MEADOWS lies on this distribution: 37% of detached houses houses are smaller than 3 THE MEADOWS, and 59% of houses are larger. Note that EPC data is not available for all properties in Hornby.

3 THE MEADOWS: Plot and Title Map

3 THE MEADOWS sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 3 THE MEADOWS, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 3 THE MEADOWS). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 3 THE MEADOWS?

3 THE MEADOWS is located in HORNBY, in the LA2 postcode district. The below map shows the position of No. 3 on THE MEADOWS.